What is a Quitclaim Deed?

What is a Quitclaim Deed? - EXPLAINED

Рет қаралды 72,789

Күн бұрын

Get an OFFICIAL quitclaim deed template: eforms.com/deeds/quit-claim/
Quitclaim deeds transfer property from one person to another. They also can remove someone’s name from a deed by having one party “quit claim” to the property.
But while quitclaim deeds are one of the most common deeds used in real estate, they shouldn’t be used in certain transactions. Watch our video to find out more about quitclaim deeds and appropriate use cases.
Read more about quitclaim deeds by accessing the article above (and find a link to make your own deed).
DISCLAIMER:
This video is strictly for educational purposes and is in no way intended to provide legal advice. We do not make any warranties about the completeness, reliability, and accuracy of this information. Any action you take upon the information on this video is strictly at your own risk, and we will not be liable for any losses and damages in connection with the use of our videos.
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0:00 Intro
0:11 We'll Overview
0:20 What Kind Of Protections Do Quitclaim Deeds Offer
1:19 Effects On Mortgage
2:16 Common Uses For Quitclaim Deed

Пікірлер: 52

@eFormsOfficial 3 ай бұрын

📄 Create your own Quitclaim Deed with our easy-to-follow questionnaire (free trial): eforms.com/form/quit-claim-deed/ ✍ Check out our free DIY resource guide and downloadable templates: eforms.com/deeds/quit-claim/

@shashgo 2 жыл бұрын

Some questions I have: 1) If a divorced couple who both have their names on the title do a quitclaim to remove the wife from the title, then is the grantor both the husband and wife, and who is the grantee. 2) Does the leaving spouse use the words 'quitclaim all my interests" or "quitclaim 100% of my interests"? 3) If the leaving spouse is not expecting to get paid, then does there have to be some monetary consideration in order to make the deed executable?

@ericcraig9250 2 жыл бұрын

If a quitclaim deed is used to remove a Grantee. what other forms are needed to go with it? Like Land transfer form and an Affidavit filled out by grantee to wave their rights to property???

@gabrieldominguez1456 2 жыл бұрын

Hello, can I buy a house that has a quit claim deed sale? If yes, what should I do first to make a purchase correctly??? Thank you

@anthonysmith7734 3 жыл бұрын

can anyone be approved for a quit claim deed or does the buyer have to be approved by the lender?

@jeffreyip6785 3 жыл бұрын

Hey Eforms! great video. I just had a question about quitclaim deeds. If a quitclaim deed is usually used to clear up an imperfection in a title otherwise known as a cloud on title. And assuming that a cloud on title is a circumstance in which the public records are not perfectly clear about who owns or has rights to certain property rights. How exactly does a quitclaim deed clear a cloud on title? Looking forward to hearing back from you guys. Thanks!

@eFormsOfficial 3 жыл бұрын

Hi there! You can create a new QC deed to correct previous mistakes with the names or the property description, but we believe it may be best to go to a local county recorder and see if they can provide a correction for a deed that has already been recorded. Hope this helps!

@Lisachelle 2 жыл бұрын

@@eFormsOfficial ok example my mothers new loan put it in her name instead of her Name with family Trust. would that be best a correction or a quick claim? I am not sure Riverside county has this in California. They are not helpful there.

@nubiancutie5972 8 ай бұрын

What if the owner of a property owes a balance on a promissory note to the heirs (children) of an estate. The deceased (Dad) of the estate gave the deed to the owner with a promissory note. The owner defaulted on the promissory note in the amount of 45K with interest which was owed to the heirs. One of the heirs who is also Executor of the estate wanted to acquire the property back to the family name. So, he entered into a Quit claim, and paid the owner 10K for the property without other heir’s knowledge or consent. What questions should I ask to make sure the Quit Claim was legitimate? Is a Quit Claim appropriate for the above situation. Do the heirs still get the promissory note balance or accelerated interest in the amount of 45K? How do I ensure my amount of equity does not decrease due to bad decisions in the future joint-ownership potential or buy out position ? Can I contest this Quit claim transaction due to my absence?

@pebkit6763 10 ай бұрын

Will a lawyer do a QC deed for us?

@AnytthinggGoes 2 жыл бұрын

So once the quit claim deed is recorded after it is signed by both parties, how soon does the granters name get removed from the title so that the title is now put into the grantees name

@sneekysmurf4754 2 жыл бұрын

I’d assume soon as you go to the county recorder’s office to clarify any doubts and to make it official

@jayrob846 Жыл бұрын

Wrong my moms name was on it but had to present the death certificate to get it taken off then it was solely in my name since i was the only grantee on the quitclaim deed.My four worthless siblings tried to fight but since it was a quitclaim they could not LMAO!!The granters name stays on till death.

@Intotheout. 11 ай бұрын

What do you mean by they do not guarantee that the grantee legally owns the property 0:52

@noahriding5780 2 жыл бұрын

At what point is a quick claim deed turned into a normal deed after a sale has been made on a property or land? When you buy land for example, how and what do you look for in the deed, contract paperwork, to make sure you don't get screwed?

@eFormsOfficial 2 жыл бұрын

Hello there, apologies for the delay in responding. While we are unable to provide legal advice for your specific situation, here are some thoughts: Unfortunately, a quit claim deed does not turn into another type of deed with the passage of time. A quit claim deed only guarantees that the seller, and only the seller, is giving up claims to the property. It's possible that there is a third party out there, or perhaps several, with claims to the land. A quit claim deed won't protect against these claims. In terms of what to look for, the existence of other claims won't necessarily be found in the deed itself. For this, it is generally necessary to contact a title search company, or the local county recorder's office. For more information, check out our blog post about deeds here: learn.eforms.com/real-estate/recording-a-deed/ Hope that helps!

@duclostchabo9822 3 жыл бұрын

Im breaking up with a friend a dated for 4 years. We bought a property together. Its both showing on our credit reports and i dont know how going forward i can transfer it over to her and remove it from my credit so i can purchase my future home. This 1/2 million home is keeping me from qualifying for just about anything now. Please help

@eFormsOfficial 3 жыл бұрын

Hello Duclos! You may be able to transfer the property through this quitclaim process. It depends on whether the potential grantor (in this case your friend) would agree to transferring the full ownership to her name. If that's the case, you may be able to use a quitclaim deed to transfer the property ownership. Now, if your friend is not open to such transfer, it would be best to counsel an attorney to sort out the best possible alternatives. Here is a detailed guide to quitclaim deeds-- click on the link to learn more about the process: eforms.com/deeds/quit-claim/

@sleepinggiant575 2 жыл бұрын

I wanted to make sure that if my mother passed away I would not have any problem regarding ownership of my two properties. Attorney recommended a quit claim deed. Was that the correct recommendation ?

@eFormsOfficial 2 жыл бұрын

Hello there, apologies for the delay. Unfortunately, it is not possible for us to answer your question without providing legal advice, which we are not permitted to do. All the best with this, and hope it has worked out.

@andrearivera6498 2 жыл бұрын

So does the house needs to payed off first?

@eFormsOfficial 2 жыл бұрын

Generally, the grantor remains liable for the mortgage (unless otherwise determined) -- a QCD only transfers ownership.

@kev16 2 жыл бұрын

Great video. I currently help my parents pay their mortgage but it's seen as a gift. My name is not attached to the property in any way. If I got them to do a quitclaim to me would that bring me tax benefits?

@ryskopl79 2 жыл бұрын

i would like to know that too...

@king0vdarkness 2 жыл бұрын

is this the same in uk?

@eFormsOfficial 2 жыл бұрын

Hello! This video is made for the U.S. deed process.

@diamond6256 2 жыл бұрын

My EX-spouse and I got a uncontested divorce and did not claim the house in the divorce. We are doing a quitclaim deed, changing my married name to maiden name and no money is exchanged and taking his name off. Would the Grantor be MY married name and EX's name and the Grantee my maiden name and how do I do $0 money?

@eFormsOfficial 2 жыл бұрын

Hi Shereese! Unfortunately, this is a legal question that we can't answer. We recommend reaching out to your attorney.

@3flgator 3 жыл бұрын

The seller is willing to sell me the property via quit claim deed; however, I just found out that the home has an existing interest only loan on it plus solar panels that will increase property taxes starting Nov 1st 2020. What does that mean for me as the buyer?

@eFormsOfficial 3 жыл бұрын

That’s a great question and may depend on laws in the area in which you live. Our advice is to reach out to a real estate attorney in your immediate neighborhood.

@3flgator 3 жыл бұрын

@@eFormsOfficial Great. Thanks.

@jayrob846 Жыл бұрын

If the seller doesn't own it outright the quitclaim is worthless lol

@MajorCulturalDivide 2 жыл бұрын

My mother wants to leave me her house when she dies. Will this form work?

@jayrob846 Жыл бұрын

Yes but only if the house is fully paid off and is in her name only.Have her add your name on the grantee line this will bypass any siblings that might take whats yours

@rolandsauldouze9303 2 жыл бұрын

How does a quit claim deed work when the grantor is deceased but there's another family member that lives in the house.

@eFormsOfficial 2 жыл бұрын

Hi there -- it may be best to get guidance from an attorney for this situation.

@jayrob846 Жыл бұрын

Is the person the grantee? If so no problem but if not they will be out in the street as soon as the real grantee realizes they have property its always another sibling even far relatives in some cases

@britster 3 ай бұрын

I'm going threw the same thing . 😢

@jeanninecathcart627 Жыл бұрын

You need to define terms.

@lindanorris2455 3 жыл бұрын

IN THIS, A FINANCAIL CONSERVATOR AND AN AGGRESSIVE RECOVERY ESTATE LAWYER CAN SELL OFF THE HOME OF A DECEASED PERSON WITH DAYS OF THEIR DEATH, WITH OR WITHOUT THE HEIRS KNOWING ABOUT THE SALE. AND REGARDLESS OF IF THERE WAS A WILL LEFT BY THE DECEASED.

@alexveloz7494 Жыл бұрын

Hi Linda, doesn't probate take place to avoid this from happening? sorry, just curious

@gretakaveny4407 Жыл бұрын

The grantor quit claims their property when they can’t afford to pay their mortgage

@StreetzCultureTV Жыл бұрын

I think this is Siri's sister

@clamberthjr 3 жыл бұрын

Grantor? Seller your no help who is grantee and grantor jesus christ

@eFormsOfficial 3 жыл бұрын

Hello Chris! The language can often be confusing or unclear. Allow me to clear some of that up for you and any other viewers: Grantor (the “Seller”) - This is the party that owns the property but is in the process of selling. Only the Grantor is required to sign the Quit Claim. Grantee (the “Buyer”) - This the purchasing party that will have their information entered as and should be the individual where the Quit Claim returns to after it has been processed. Encumbrance -- Any claim against a property not made by the owner. For instance, zoning regulations, home-owner associations, and primarily debts (such as a mortgage or other type of lien) affect a property in certain ways-- limiting what the owner can do with that property. Here are more definitions that we made available on our site: eforms.com/deeds/quit-claim/#Definitions

@spfconcept324 3 жыл бұрын

@@eFormsOfficial you are amazingly patience..

@diamond6256 2 жыл бұрын

Grantor is the Seller (giving up their interest) and Grantee (getting the house, put in their name) is the buyer.

@clamberthjr 3 жыл бұрын

Wtf is an encumbances

@eFormsOfficial 3 жыл бұрын

Encumbrance -- Any claim against a property not made by the owner. For instance, zoning regulations, home-owner associations, and primarily debts (such as a mortgage or other type of lien) affect a property in certain ways-- limiting what the owner can do with that property.

@spfconcept324 3 жыл бұрын

@@eFormsOfficial that's what I mean..

@clamberthjr 3 жыл бұрын

What the fuck does the person who recieves interest from the property? The seller speak normally non industry jargon